Judge Denies Request to Question Delphi Executives

Law360, New York (January 19, 2006, 12:00 AM EST) -- In a blow to Delphi Corporation shareholders, a federal bankruptcy judge has rejected a request, spearheaded by a group of pension funds, to question former executives of the auto parts giant about allegations of accounting fraud in the company’s upcoming bankruptcy trial.

Judge Robert Drain of the U.S. Bankruptcy Court in Manhattan sided with Delphi Corporation in a decision issued earlier this week, denying the funds an opportunity to interrogate management over the alleged accounting fraud that crippled the company.